Chip CEOs make another plea to Congress to fund CHIPS Act

 

The chip industry has been lobbying Congress throughout 2021 to pass and fund the $52 billion  CHIPS for America Act and today tightened the screws.

A letter signed by 59 top chip and computing executives, including Apple CEO Tim Cook and Alphabet CEO Sundar Pichai, calls for prompt action to fund CHIPS and enact a strengthened version of the FABS Act that would include an investment tax credit for chip design and manufacturing.

One of the letter’s signatories, Thomas Sonderman, president and CEO of SkyWater Technology, expressed the concern the industry feels about the congressional delays. In an email to Fierce Electronics, he said, “We recognize the broad set of policies that Congress must address everyday, but as the Senate has already passed this crucial legislation, it is now time for the House to get us across the finish line so that we can all work together to immediately begin the process of rebuilding our domestic supply chain, growing American manufacturing jobs, and re-establishing America’s prominence in this foundational technology, allowing us to effectively compete in the global economy, both today and well into the future.” 

Read the article in Fierce Electronics: https://www.fierceelectronics.com/electronics/chip-ceos-make-another-plea-to-congress-to-fund-chips-act

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